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This multifamily property at 1515 E Michigan St is available for sale and serves as a practical addition to an investment portfolio. The asset consists of 5 units and is positioned within Indianapolis, a major Midwestern hub known for its diversified economy and central role in regional logistics. As a stabilized residential asset, this building provides a clear path for investors looking to expand their footprint in a well-maintained apartment complex. The location in the 46201 ZIP code places residents in a growing urban market with access to essential city services and transportation corridors. Given the current configuration of the building, it represents a straightforward rental income play for parties interested in the multifamily sector. Prospective buyers will find that this property fits well into a broader strategy of acquiring residential housing in established neighborhoods within the Indianapolis metropolitan area.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.